Recent whale activity in the Bitcoin market ($BTC ) has attracted the attention of analysts and investors. According to data published by an analyst, over the past 72 hours, large Bitcoin holders have sold or redistributed about 30,000 BTC, which is equivalent to about $1.83 billion in the current market. The rate chart shows a decrease in Bitcoin quotes during this period, which may be due to a sharp increase in sales.
Notably, such mass fixations can significantly impact market liquidity, putting pressure on the price and potentially driving it down in the short term. Whales with large holdings of coins often play a significant role in shaping market trends, and a sharp sell-off in BTC can signal a possible change in sentiment among large investors.
Some analysts speculate that such a volume of selling may be related to expectations of tighter regulation of the crypto market or unfavorable economic conditions, such as uncertainty about the actions of the US Federal Reserve. Given the recent data on the consumer price index (CPI) in the US and expectations of a rate cut at the meeting in November, many investors are in a state of anticipation and may be looking to lock in profits before possible changes in the market$FET $1MBABYDOGE
